1-2-3 OPPLÆRING AS: årsregnskap 2009 vs 2008
Shrank 43% on revenue, slipped into loss
approved 2010-06-15; registry 2010-07-29; journal 2010 559464
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 1-2-3 OPPLÆRING AS. Revenue 652.5k NOK → 375.1k NOK (-42.5%). Net result +23.9k NOK → -139.7k NOK. Equity 128.7k NOK → -11.0k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 1-2-3 OPPLÆRING AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 652.5k NOK to 375.1k NOK (-42.5% YoY). Calculated
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Operating result weakened
Operating result +30.1k NOK → -145.1k NOK (op. margin 4.6% → -38.7%). Calculated
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Fell into a net loss
Net result flipped from 23.9k NOK profit to a loss of 139.7k NOK. Calculated
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Equity eroded
Book equity 128.7k NOK → -11.0k NOK (equity ratio 28.1% → -2.3%). Calculated
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Payroll up without matching revenue
Salary cost 2 262 NOK → 838.2k NOK (0% → 223% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -2.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 104.9k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation